August 19th, 2017

Business

U.S. signals Trump’s Buy American agenda non-negotiable in NAFTA talks

By Joan Bryden, The Canadian Press on August 19th, 2017

OTTAWA – The U.S. appears to be signalling that President Donald Trump’s vow to aggressively promote a “buy American, hire American” agenda is not open to discussion during negotiations on a new North American Free Trade Agreement. The Trump administration has served notice that it’s dealing with the issue outside NAFTA. While it’s being pulled ... Read More »

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B.C. premier and jobs minister sued by fired LNG advocate claiming $5 million

By The Canadian Press on August 18th, 2017

VANCOUVER – British Columbia’s fired liquefied natural gas advocate is suing Premier John Horgan, the province’s jobs minister and a New Democrat MP in a lawsuit claiming $5 million in damages. Gordon Wilson alleges in a statement of claim filed in B.C. Supreme Court that Horgan made defamatory statements to news media earlier this month ... Read More »

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Toronto Stock Exchange’s main index falls, loonie continues to strengthen

By The Canadian Press on August 18th, 2017

TORONTO – Canada’s main stock index shed nearly 100 points on the final trading day of the week in a broad-based decline. The S&P/TSX composite index closed down 81.31 points at 14,952.33. In New York, the Dow Jones industrial average slipped 76.22 points to 21,674.51, while the S&P 500 index fell 4.46 points to 2,425.55. ... Read More »

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TMX denies reports of ban on clearing trades in cannabis firms with U.S. ties

By The Canadian Press on August 18th, 2017

TORONTO – The company that operates the Toronto Stock Exchange says it is talking to securities regulators about Canadian-listed cannabis companies with operations in the United States, but that there is no ban currently in place on clearing trades of their stocks. TMX Group spokesman Shane Quinn said Friday the company is in talks with ... Read More »

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CIBC divorce from PC Financial shines light on bruised loyalty card industry

By Ross Marowits, The Canadian Press on August 18th, 2017

MONTREAL – Another divorce in Canada’s loyalty card sector has consumers stuck in the middle asking questions about the future of an industry still bruised by the actions of some of its largest providers. The Canadian Imperial Bank of Commerce announced this week it is severing ties with Loblaw’s (TSX:L) President’s Choice Financial and rolling ... Read More »

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CPPIB part of group buying US power producer Calpine Corp. for US$5.6B

By The Canadian Press on August 18th, 2017

TORONTO – The Canada Pension Plan Investment Board is part of a group of investors buying U.S. power producer Calpine Corp. for US$5.6 billion. The board said the all cash transaction, for which it’s putting up US$750 million, helps add power and renewable assets to its expanding natural resources portfolio. The deal, advised by Energy ... Read More »

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Toronto judge approves hardship fund for former Sears Canada employees

By The Canadian Press on August 18th, 2017

TORONTO – A judge has approved a hardship fund for former Sears Canada employees that will come from a pool of money set aside to pay bonuses for key employees. The $500,000 fund will help former employees facing difficulty who would have otherwise been eligible for severance payments when they lost their jobs at the ... Read More »

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Hollywood’s hacking pains are bigger than movie leaks

By Tali Arbel, The Associated Press on August 18th, 2017

NEW YORK – Piracy is a long-running and even routine issue for Hollywood, whether it’s street vendors hawking bootleg DVDs on street corners or video uploaded to file-sharing sites like Pirate Bay. Now cybercriminals are also putting embarrassing chatter and other company secrets at risk. The reputational risk from leaked email is much more difficult ... Read More »

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Brazil to ask for WTO panel to settle dispute over Bombardier subsidies

By The Canadian Press on August 18th, 2017

MONTREAL – Brazil says it will ask the World Trade Organization to establish a dispute settlement panel after consultations with Canada failed to resolve its complaint about government subsidies to aircraft manufacturer Bombardier. The South American country said it will ask the WTO to examine more than 20 subsidy programs granted to the Montreal-based company ... Read More »

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Shipping firm blames fee hike on federal measures to protect right whales

By The Canadian Press on August 18th, 2017

ST. JOHN’S, N.L. – A Newfoundland shipping firm is raising its fees, blaming higher costs because of federal measures taken to protect North Atlantic right whales after a series of deaths. Oceanex Inc. says the four-per-cent “temporary marine protection surcharge” on service between Montreal and St. John’s, N.L., follows a federal speed limit imposed last ... Read More »

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